Finance: Hotel revenue management

Revenue management is an absolutely essential skill for maintaining and growing your hotel. After all, let’s face it - when it comes right down to it, your venue is a business, and its success hinges on how well you can bring in revenue.

10 Lessons
45 minutes
Beginner
English

Instructor

Empowering your hospitality business with the innovative Hospitality Training Framework, Best Online Hospitality Training, Virtual Reality training sessions and Powerful Learning Management System

Curriculum for this course

Introduction
1 minutes
The generel concept of revenue management
2 minutes
Understanding the Revenue Manager role
5 minutes
Revenue management programs and tools
3 minutes
Segmenting and understanding the market
5 minutes
Forecasting and budgeting
6 minutes
Price setting
4 minutes
Pricing strategies
9 minutes
The impact of COVID19
5 minutes
Future trends and tendencies within revenue management
2 minutes

Description

Revenue management is an absolutely essential skill for maintaining and growing your hotel. After all, let’s face it - when it comes right down to it, your venue is a business, and its success hinges on how well you can bring in revenue.

This online course is designed to help you turn data into actionable, practical strategies.

What you'll learn in the hotel revenue management course?

  • The fundamentals of revenue, including essential jargon
  • Revenue management is an absolutely essential skill for maintaining and growing your hotel. After all, let’s face it - when it comes right down to it, your venue is a business, and its success hinges on how well you can bring in revenue.

    This online course is designed to help you turn data into actionable, practical strategies.

    What you'll learn in the hotel revenue management course?

    • The fundamentals of revenue, including essential jargon
    • What’s involved in the role of revenue manager
    • How to understand and interpret data
    • Basic forecasting principles and techniques
    • What distribution channels are, and how they relate to revenue management
    • Practical strategies you can develop using business intelligence
    • Pricing for real-world situations
    • How storytelling can help you optimize revenue
    • How to modernize your revenue meetings with a ‘netflix’ approach

    Who the Fundamentals of hotel revenue management course is for?

    This online course is aimed at revenue team members and mid-level managers looking to develop their professional and personal skills in the field of hospitality finance.

What you will learn

Revenue Management
Finances
Budgeting
Forecasting